Envestnet Asset Management Inc. Grows Stock Position in TransUnion (NYSE:TRU)

Envestnet Asset Management Inc. increased its holdings in TransUnion (NYSE:TRU) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 470,370 shares of the business services provider’s stock after buying an additional 90,443 shares during the quarter. Envestnet Asset Management Inc. owned 0.24% of TransUnion worth $43,608,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in shares of TransUnion by 52.5% during the 4th quarter. Wellington Management Group LLP now owns 6,749,849 shares of the business services provider’s stock worth $625,779,000 after acquiring an additional 2,323,339 shares during the last quarter. Norges Bank bought a new position in TransUnion in the 4th quarter worth $180,011,000. William Blair Investment Management LLC lifted its position in TransUnion by 30.6% during the fourth quarter. William Blair Investment Management LLC now owns 3,370,742 shares of the business services provider’s stock valued at $312,501,000 after purchasing an additional 789,497 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in TransUnion by 1.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,540,131 shares of the business services provider’s stock worth $1,811,566,000 after buying an additional 359,569 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of TransUnion by 7.4% in the fourth quarter. Van ECK Associates Corp now owns 5,139,607 shares of the business services provider’s stock worth $476,493,000 after buying an additional 356,306 shares during the period.

Insider Transactions at TransUnion

In other TransUnion news, EVP Venkat Achanta sold 1,821 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $95.74, for a total value of $174,342.54. Following the completion of the sale, the executive vice president now directly owns 105,443 shares in the company, valued at approximately $10,095,112.82. This represents a 1.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven M. Chaouki sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $83.31, for a total transaction of $83,310.00. Following the completion of the sale, the insider now directly owns 77,393 shares of the company’s stock, valued at $6,447,610.83. The trade was a 1.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,021 shares of company stock worth $372,751 in the last three months. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TRU shares. Barclays cut their price objective on TransUnion from $105.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, April 4th. Needham & Company LLC reissued a “hold” rating on shares of TransUnion in a research note on Friday, February 14th. Morgan Stanley decreased their price objective on shares of TransUnion from $130.00 to $127.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. William Blair reaffirmed an “outperform” rating on shares of TransUnion in a report on Monday, March 24th. Finally, UBS Group boosted their price objective on TransUnion from $102.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $111.92.

TransUnion Price Performance

NYSE:TRU opened at $72.53 on Friday. The business’s 50-day moving average is $87.21 and its 200 day moving average is $95.23. TransUnion has a 12 month low of $66.07 and a 12 month high of $113.17. The company has a market capitalization of $14.15 billion, a P/E ratio of 49.67, a P/E/G ratio of 1.18 and a beta of 1.67. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.18.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.14). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. TransUnion had a return on equity of 15.85% and a net margin of 6.80%. On average, equities research analysts forecast that TransUnion will post 3.99 earnings per share for the current fiscal year.

TransUnion declared that its Board of Directors has authorized a stock buyback program on Thursday, February 13th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

TransUnion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Thursday, February 27th were given a dividend of $0.115 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.46 annualized dividend and a yield of 0.63%. This is a positive change from TransUnion’s previous quarterly dividend of $0.11. TransUnion’s dividend payout ratio (DPR) is 31.51%.

TransUnion Profile

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and mitigate fraud risk.